Federal · Title 22 — Foreign Relations and Intercourse
22 U.S.C. § 286rr: Approval to sell a limited amount of the Fund’s gold
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the Fund will provide support to low-income countries that are eligible for the Poverty Reduction and Growth Facility or other low-income lending from the Fund by making available Fund resources of not less than $4,000,000,000; such Fund resources referenced above will be used to leverage additional support by a significant multiple to provide loans with substantial concessionality and debt service payment relief and/or grants, as appropriate to a country’s circumstances: 1 1 So in original. The colon probably should be a semicolon. support provided through forgiveness of interest on concessional loans will be provided for not less than two years; and the support provided to low-income countries occurs within six years, a substantial amount of which shall occur within the initial two years. In addition to agreeing to and accepting the amendments referred to in section 286pp of this title relating to the use of proceeds from the sale of such gold, the United States Governor is authorized, consistent with subsection (a), to take such actions as may be necessary, including those referred to in section 286c(e) of this title , to also use such proceeds for the purpose of assisting low-income countries.
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